On average, listings lease in the $40's per square foot per year. The South Norwalk submarket is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Fairfield market, the South Norwalk submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 17 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the South Norwalk are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst South Norwalk occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.